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The 2017 ProcureCon Travel Benchmark Report

Travel and Meetings are more than just a challenge for Procurement — they can be an opportunity to demonstrate positive impact on metrics like ROI, helping you stay in the spotlight and building your clout with the C-Suite. We've covered the latest in travel management in our new benchmark report with ProcureCon. This report uncovers the relationships between meetings spend and ROI, shows how gaining visibility helps you to be strategic, and provides guidance on creating a program that increases traveler compliance.

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Key insights:

Track ROI over Travel and Meetings

Only 17% of Procurement teams are fully equipped to track ROI for Travel and Meetings, something that is critical for the development of a stronger mandate.

Control over Travel and Meetings

50% of Procurement teams have either full control over Travel and Meetings, or take a consultative role driving value with a partnered division.

Integrate with finance and technologies

Ease of use, and integrations with Finance and Operations technologies are what Procurement prioritizes in their event and meetings software.

2017 ProcureCon Travel Benchmark Report by Cvent